SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM T-1

 

STATEMENT OF ELIGIBILITY UNDER

THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

Check if an Application to Determine Eligibility of

a Trustee Pursuant to Section 305(b)(2)

 


 

U.S. BANK  NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

 

31-0841368

I.R.S. Employer Identification No.

 

800 Nicollet Mall

Minneapolis, Minnesota

 

55402

(Address of principal executive offices)

 

(Zip Code)

 

Thomas E. Tabor

U.S. Bank National Association

100 Wall Street, 16th floor

New York, NY 10005

(212) 361-6184

(Name, address and telephone number of agent for service)

 

FERRELLGAS PARTNERS, L.P.
FERRELLGAS PARTNERS FINANCE CORP.
FERRELLGAS, L.P.
FERRELLGAS FINANCE CORP.

(Issuers with respect to the Securities)

Delaware
Delaware
Delaware
Delaware

 

43-1698480
43-1742520
43-1698481
14-1866671

(State or other jurisdiction of incorporation or organization)

 

(I.R.S. Employer Identification No.)

 

7500 College Boulevard
Overland Park, Kansas

 

66210

(Address of Principal Executive Offices)

 

(Zip Code)

 

Debt Securities

(Title of the Indenture Securities)

 

 

 



 

FORM T-1

 

Item 1.      GENERAL INFORMATION.  Furnish the following information as to the Trustee.

 

a)                        Name and address of each examining or supervising authority to which it is subject.

 

Comptroller of the Currency

Washington, D.C.

 

b)    Whether it is authorized to exercise corporate trust powers.

 

Yes

 

Item 2.     AFFILIATIONS WITH OBLIGOR.  If the obligor is an affiliate of the Trustee, describe each such affiliation.

 

None

 

Items 3-15                                      Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

 

Item 16.     LIST OF EXHIBITS:  List below all exhibits filed as a part of this statement of eligibility and qualification.

 

1.               A copy of the Articles of Association of the Trustee.*

 

2.               A copy of the certificate of authority of the Trustee to commence business.*

 

3.               A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*

 

4.               A copy of the existing bylaws of the Trustee.**

 

5.               A copy of each Indenture referred to in Item 4.  Not applicable.

 

6.               The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

 

7.               Report of Condition of the Trustee as of December 31, 2009 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

 


* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.

** Incorporated by reference to Exhibit 25.1 to registration statement on S-4, Registration Number 333-159463 filed on August 21, 2009.

 

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SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York, State of New York on the 30th day of March, 2010.

 

 

 

By:

/s/ Thomas E. Tabor

 

 

Thomas E. Tabor

 

 

Vice President

 

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Exhibit 6

 

CONSENT

 

In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

 

Dated: March 30, 2010

 

 

 

By:

/s/ Thomas E. Tabor

 

 

Thomas E. Tabor

 

 

Vice President

 

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Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

Exhibit 7

As of 12/31/2009

 

($000’s)

 

 

 

12/31/2009

 

Assets

 

 

 

Cash and Balances Due From Depository Institutions

 

$

6,198,904

 

Securities

 

43,054,635

 

Federal Funds

 

3,431,853

 

Loans & Lease Financing Receivables

 

189,772,027

 

Fixed Assets

 

4,797,639

 

Intangible Assets

 

13,399,731

 

Other Assets

 

15,721,341

 

Total Assets

 

$

276,376,130

 

 

 

 

 

Liabilities

 

 

 

Deposits

 

$

194,253,182

 

Fed Funds

 

10,148,686

 

Treasury Demand Notes

 

0

 

Trading Liabilities

 

345,396

 

Other Borrowed Money

 

31,068,244

 

Acceptances

 

0

 

Subordinated Notes and Debentures

 

7,629,967

 

Other Liabilities

 

6,705,043

 

Total Liabilities

 

$

250,150,518

 

 

 

 

 

Equity

 

 

 

Minority Interest in Subsidiaries

 

$

1,629,447

 

Common and Preferred Stock

 

18,200

 

Surplus

 

12,642,020

 

Undivided Profits

 

11,935,945

 

Total Equity Capital

 

$

26,225,612

 

 

 

 

 

Total Liabilities and Equity Capital

 

$

276,376,130

 

 

To the best of the undersigned’s determination, as of the date hereof, the above financial information is true and correct.

 

U.S. Bank National Association

 

 

 

By:

/s/ Thomas E. Tabor

 

 

Vice President

 

 

 

Date: March 30, 2010

 

 

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